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The Boeing Company has just gone public under a firm commitment agreement and sold (i.e. floated) 4.1 million shares to the public. Boeing stock went

The Boeing Company has just gone public under a firm commitment agreement and sold (i.e. floated) 4.1 million shares to the public. Boeing stock went public (i.e. begin to trade over the exchange) at $34.40. The first day closing price of Boeing stock was $41 per share. Boeing paid $905,000 in legal and other direct costs, $250,000 in indirect costs, and an underwriters fee of $2.40 per share. Required: i. Compute the net amount raised by the Boeing Company as a result of the IPO. ii. Compute the Underpricing cost or money left on the table.

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